Bitcoin Holds Above $77,000 Despite Hotter-Than-Expected US CPI Data

Bitcoin has maintained its price above $77,000 despite US core CPI data exceeding expectations, which briefly pushed the probability of a September Federal Reserve rate hike to nearly 90%. Analysts attribute this resilience to several factors: the inflation report was only slightly hawkish rather than a major shock, market participants had already priced in risks following previous PPI data, the 10-year US Treasury yield failed to decisively break the 5% psychological barrier, and oil prices retreated, easing fears of a second wave of inflation. Furthermore, broader risk markets, including US stocks, did not react with panic, suggesting that the CPI report was not viewed as a new systemic threat.